The operation of Chinese iron and steel industry from January to June 2020

1. The output of iron and steel increased steadily. According to the data of the National Bureau of Statistics, the national output of pig iron, crude steel and steel was 432.68 million tons, 499.01 million tons and 605.84 million tons, respectively, up 2.2%, 1.4% and 2.7% year-on-year, respectively.

2. Steel exports continued to decline, imports increased significantly. According to the data of the General Administration of Customs, from January to June, China exported 28.704 million tons of steel, a year-on-year decrease of 16.5%; and a cumulative import of 7.343 million tons of steel, an increase of 26.1% year-on-year.

3. Steel prices continued to rise. According to the monitoring of China Iron and Steel Industry Association, as of the end of June, China's steel composite price index rebounded to 102.69 points, up 1.7% from the end of May and 3.4% lower than that at the beginning of the year, and the decline rate continued to narrow.

4. The benefit of steel enterprises decreased year on year. From January to June, the iron and steel enterprises of China Iron and Steel Industry Association achieved sales revenue of 2.09 trillion yuan, a year-on-year increase of 1.18%; realized a profit of 68.67 billion yuan, a year-on-year decrease of 36.4%, and the decline rate continued to narrow; the sales profit margin was 3.29%, 1.93 percentage points lower than the same period last year.

5. Steel inventory continued to decline. The social stock of five kinds of steel products (rebar, wire rod, hot rolled steel coil, cold rolled steel coil, medium and heavy plate) in major cities of China dropped to 12.16 million tons at the end of June, which was 36.2% lower than that at the end of March.

6. Import prices of iron ore continued to rise. According to the data of the General Administration of Customs, the import volume of iron ore in China from January to June was 546.91 million tons, an increase of 9.6% year-on-year. In June, the average price of imported fine ore (62% grade) was 100.77 USD / T, with a month on month increase of 9.2 USD / T, or 10.0%.

Hot ProductsSee More+

  • Shipbuilding steel pipe

    Shipbuilding steel pipe

    GB T 5312 Carbon and carbon-manganese steel seamless steel tubes and pipes are mainly for ship use, also known as shipbuilding steel pipes. Under GB T 5312, there are mainly 5 steel grades: grade 320, 360, 410, 460 and 490. Each grade covers three levels: I, II, III.

  • Shipbuilding use angle steel

    Shipbuilding use angle steel

    Angle steel, commonly known as angle iron, is a long strip of steel whose sides are perpendicular to each other. There are equal angle steels and unequal angle steels. The two sides of equal angle steel are equal in width. The unequal angle steel is also known as L shape profile steel.

  • Shipbuilding flat bar

    Shipbuilding flat bar

    Flat bar steel can be produced according to the user's needs, with fixed thickness, width and length. It can reduce the cutting process for users, reduce the consumption of labor and materials, and also reduce the processing loss of raw materials.

  • Bulb flat steel for shipbuilding

    Bulb flat steel for shipbuilding

    The bulb flat steel is a kind of medium section material which is mainly used in the field of shipbuilding and bridge building, and the shipbuilding bulb flat steel is an auxiliary medium section material for shipbuilding.

  • FH40 Shipbuilding steel plate

    FH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---FH40, is the high tensile strength steel.The shipbuilding steel FH40 is the Hull structural steel.We can provide FH40 shipbuilding steel plate price.

  • EH40 Shipbuilding steel plate

    EH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---EH40, is the high tensile strength steel.The shipbuilding steel EH40 is the Hull structural steel.We can provide EH40 shipbuilding steel plate price.

You can contact us through the following ways:

If you are interested in our company or products, welcome to visit our company or local offices; you can also get contact with us through online consulting, demand table submission, e-mails and telephones. Our staff shall wholeheartedly provide product information, application knowledge and good service for you.

  • Address:XICHENG SCIENCE & TECHNOLOGY BUILDING HIGH-TECH DEVELOPMENT ZONE, ZHENGZHOU, CHINA
  • Hotline:0086-371-86151827
  • Fax:    0086-371-86011881
  • E-mail:[email protected]